A $BTC short trade based on the massive $635M ETF outflow on May 14 just went through our AI expert council debate.
The verdict is conditional approval.
Institutional de-risking and an 82% S&P 500 correlation suggest a macro risk off move.
However the short only becomes viable if we lose the 50 day EMA at $76.5K on a daily close.
If BTC reclaims $82K on volume or if positive ETF flows return the setup is completely invalidated.
Wait for the breakdown before stepping in.
#BTC #cryptotrading #MarketAnalysis
The verdict is conditional approval.
Institutional de-risking and an 82% S&P 500 correlation suggest a macro risk off move.
However the short only becomes viable if we lose the 50 day EMA at $76.5K on a daily close.
If BTC reclaims $82K on volume or if positive ETF flows return the setup is completely invalidated.
Wait for the breakdown before stepping in.
#BTC #cryptotrading #MarketAnalysis